Micro guide catheters are medical devices used to guide interventional devices like stent delivery catheters during minimally invasive procedures. They facilitate accurate navigation of stenosis or blockages located in coronary arteries. Advancements in micro guide catheters have enabled superior maneuverability and support for performing complex interventions.
The global Micro Guide Catheters Market is estimated to be valued at US$ 197.83 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing adoption of minimally invasive surgeries is one of the major factors accelerating the growth of the micro guide catheters market. Minimally invasive procedures reduce trauma, hospitalization time, and risks of complications associated with open surgery. Moreover, micro guide catheters have improved clinical outcomes of coronary intervention procedures by providing support and deliverability. Growing preference for minimally invasive techniques in cardiology and rising cases of coronary artery disease globally are expected to drive the demand for advanced micro guide catheters, supporting the market growth over the forecast period.
Segment Analysis
The global micro guide catheters market can be segmented based on product type, application, and end-user. Under product type, the straight tip segment holds the largest market share as of 2022. Straight tip micro guide catheters provide superior ability to access challenging anatomy and deliver micro devices such as balloons and stents into small vessels.
Key Takeaways
The global Micro Guide Catheters Market Growth is expected to witness high growth. The global Micro Guide Catheters Market is estimated to be valued at US$ 197.83 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030.
The Asia Pacific region is poised to experience the fastest growth over the forecast period of 2023 to 2030. Countries such as China, India, and Japan are expected to be the major revenue generators for the micro guide catheters market in Asia Pacific. This growth can be attributed to rising healthcare infrastructure, increasing healthcare expenditure, and growing elderly population base prone to cardiovascular diseases in this region.
Key players operating in the micro guide catheters market are Zeal, InoMedic Co Ltd., Cook Medical LLC, Terumo Corporation, Boston Scientific Corporation, ASAHI INTECC CO., LTD., and others. Zeal is said to hold the largest market share in the micro guide catheters market as of 2022. The firm offers a wide variety of micro guide catheters known for their flexibility, maneuverability, and small size that can facilitate access to distal vessels.
For more insights, read- https://www.newsanalyticspro.com/micro-guide-catheters-market-trends-size-and-share-analysis/
Comments
0 comment